https://www.taxtmi.com/circulars?id=4603 The Finance Act, 1976 revises withholding and source rules and prescribes flat gross basis taxation for dividends, royalties and fees for technical services received by foreign companies, limits deductible expenses for such receipts, broadens the statutory source rules for interest, royalty and technical service payments to deem specified payments to accrue in India, and introduces an investment allowance with conditions and reserve requirements together with mechanisms for withdrawal where conditions are breached. en-us Mon, 05 Jul 1976 00:00:00 +0530 Sat, 09 Aug 2008 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4603 The Finance Act, 1976 revises withholding and source rules and prescribes flat gross basis taxation for dividends, royalties and fees for technical services received by foreign companies, limits deductible expenses for such receipts, broadens the statutory source rules for interest, royalty and technical service payments to deem specified payments to accrue in India, and introduces an investment allowance with conditions and reserve requirements together with mechanisms for withdrawal where conditions are breached. Circulars Income Tax Mon, 05 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4603